U.S. Virgin Islands

While the U.S. continues to lag pre-pandemic levels, Puerto Rico is now ahead by 2.3% from November 2019.

The $35 million of tax-exempt and taxable notes were privately placed with Nuveen.

The governor wants to use savings to address the islands' $3.3 billion pension underfunding.

The government is also hoping an outside company will take over the Limetree oil refinery in St. Croix.

If residents become eligible for the government money, it would increase income and spending, providing a lift to the commonwealth's economy.

The fight between the governor and the legislature over control of the beleaguered utility is heading to the local Superior Court.

His bill follows unsuccessful efforts by the territory's Senate to increase oversight of its Water and Power Authority.

Limetree Bay Energy, the U.S. Virgin Islands' largest private-sector employer, was an important source of government revenue.

Gov. Bryan vetos bill that would have brought in a turnaround company to determine WAPA's status.

The EPA told the Limetree Bay Terminals and Limetree Bay Refining on St. Croix to stop refining oil because it is leading to an “imminent risk to public health.”